EFL club's parent company responds to $142m liquidation threat just days after manager firing

Burnley's US owner ALK Capital says it is resolving a $142m liquidation threat from Companies House over two years of overdue accounts, days after sacking manager Nicky Hayen.

Burnley's parent company ALK Capital has responded to a liquidation notice issued by Companies House over accounts reportedly two years overdue. The club's debt surged from $30m to $142m in a 12-month period. A spokesperson told the BBC that the company's secretarial advisers are in direct contact with Companies House and working with external accountants to finalise the outstanding accounts, with filings expected in the coming weeks.

The financial crisis comes just days after Burnley sacked manager Nicky Hayen following a 4-1 defeat to Lincoln City, only 14 games into the 2026-27 Championship season. The Clarets sit 22nd in the table with eight points, just above the relegation zone. The club is now searching for a new manager, with former Wolves and Luton boss Rob Edwards having turned down the role after an interview on Monday.